President Donald Trump signed executive orders on Tuesday directing integration of digital assets with payment systems and updates to Bank Secrecy Act rules.
The Federal Reserve published an updated proposal on Wednesday for a skinny master account to give fintech and crypto firms access to payment rails without full bank charters. The proposal builds on a December 2025 request for information.
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President Donald Trump signed an executive order on May 19 directing the Federal Reserve to examine policies on granting payment account access to crypto and fintech firms. The move escalates debate over direct connections to the central bank's core dollar payment systems. Companies such as Kraken, Ripple, Coinbase, and Circle stand to benefit from potential changes.
Donald Trump advanced bitcoin's standing in U.S. policy through executive actions and new legislation during his term. Bitcoin's price performance and public adoption have shown mixed results since the 2024 election.
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U.S. President Donald Trump criticized banks in a Truth Social post for undermining the GENIUS Act and holding the Clarity Act hostage over stablecoin yield issues. He called for swift congressional action to advance crypto market structure legislation. The dispute has stalled negotiations between banking and crypto sectors.